TSLA: Tesla Bulls And Bears Square Off Ahead of Q3 Deliveries

Sep 29 - Tesla TSLA will report its third-quarter deliveries this week, and analysts are already weighing in with sharply different views.

HSBC analyst Michael Tyndall lifted his price target on TSLA stock to $127 from $120 but kept a Sell rating. Tyndall expects Q3 deliveries of around 471,000 vehicles, above consensus estimates of 437,000441,000 units.

He pointed to strong demand in Turkiye, boosted by favorable tax policies and the refreshed Model Y, though he cautioned that incentives in both Turkiye and Spain may not last.

Benchmark analyst Mickey Legg, meanwhile, maintained a Buy rating with a $475 price target. He forecasts Q3 deliveries of 442,000 vehicles, slightly below FactSet's 448,000-unit consensus. Legg noted that while sequential growth looks solid, uneven incentives and pricing trends could create volatility into year-end.

Is TSLA Stock a Buy?

Based on the one year price targets offered by 44 analysts, the average target price for Tesla Inc is $326.02 with a high estimate of $600.00 and a low estimate of $19.05. The average target implies a downside of -25.96% from the current price of $440.31.

Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $266.09, suggesting a downside of -39.57% from the current price of $440.31.